Business Tangible Personal Property
It’s a complex subject that just demands all the intricate knowledge our team of expert tax advisors can muster. Because this important and often neglected component of your company’s property tax bill can make a valuable contribution to your tax reduction effort.
It involves the identification of tangible assets such as your furniture, fixtures, machinery, equipment, computers, vehicles, inventory and even raw materials – all possibly being considered “personal” property. And adding up to a higher than necessary tax valuation assessment. But with ITC’s experience in applying depreciation factors due to wear and tear, negligent maintenance or technological obsolescence, the assessment can be minimized.
Furthermore, ITC’s teams will identify underutilized equipment or ghost assets aiming to reduce your tax liabilities even more. Additionally, in some cases it may be necessary to resort to ITC’s litigation services until a favorable dispute resolution has been agreed upon.
Don’t miss your opportunity to receive an average
29% Assessment Reduction
on an annual basis in formal and informal administrative phases.
Find out how by contacting us immediately for a complimentary consultation.
Client Testimonials
“Along with years of experience and expertise consulting on all matters related to property value, Mark and his staff of consultants provide a level of comfort for their client that is second to none. Industrial Tax Consulting previously provided guidance on valuation and inventory which netted GE significant savings.”
“I can vouch for (ITC’s) expertise with property and equipment. I saw firsthand what they did to significantly reduce Oceaneering’s property tax liability, in some locations by over 50% from the proposed notice of value. In conclusion, I strongly recommend ITC.”
